Saturday, January 21, 2017

China Slows Down

China, the world’s second-largest economy grew only 6.7% last year, according to the country’s statistics office, meeting Beijing’s target range of 6.5-7% but the slowest growth since 1990.

Already there are warnings that it risks losing further momentum in 2017 as Donald Trump’s presidency creates a new set of challenges for the trading superpower.

Forecasters see the outlook for global growth as particularly uncertain, with a change of administration in the US, key elections in the eurozone, Britain embarking on Brexit negotiations and US interest rate rises all having repercussions for indebted emerging market economies.

And with China still struggling to rebalance its economy away from a reliance on manufacturing and exports, any slowdown in global trade will be keenly felt in the country.

In the FA Cup third round replay on Wednesday, Lucas Leiva scored his first goal in seven years – he headed home Philippe Coutinho's corner in the eighteenth minute – to send Liverpool into the fourth round – at the expense of League Two Plymouth.

Liverpool's reward for victory is a home tie against Wolverhampton Wanderers on January 28.

The title drought continues to haunt Malaysian squash queen Nicol David in the PSA World Tour tournament. She lost in the quarterfinals of the Tournament of Champions Squash Championship held in New York on Tuesday.

The 33-year-old Penangite, who is the tournament sixth seed, lost to top seed and current world number one, Egypt’s Nour El Sherbini in a grueling five-set (5-11, 11-6, 6-11, 15-13, 8-11) match.

David gave a good fight! 

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